Keegan Cin | Realtor® | License # DRE 01971604

Property

Wasco, CA 93280 2501 7th Street A

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Presented By: Alex Parker with Douglas Elliman of California; 917.215.9295
  • MLS# OC24220838
  • 10/28/2024
  • Request Tour
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  • SQFT • 3,808
  • Year Built • 1981

Home Details

Exceptional 20-Unit Investment Portfolio – Prime Rental Opportunity with Growth Potential - Introducing an exceptional 20-unit investment portfolio featuring four well-maintained residential buildings, each with five spacious units. Each unit offers 2 bedrooms, 1.5 bathrooms, and 952 square feet, catering to modern tenant expectations. With two recently renovated units achieving significantly higher rents than non-renovated units, there’s a proven value-add opportunity for increased revenue through selective updates across the portfolio. Each building includes an on-site laundry facility, providing tenants with convenient access to amenities. Parking is ample, with a combination of covered carport spaces and abundant street parking for residents and guests alike. A central green space between buildings enhances community appeal, offering tenants a recreational area for leisure and gatherings. Situated in a highly desirable location, the property is close to schools, community parks, and a variety of shopping and dining options, attracting a diverse tenant base. Additionally, its proximity—just 30 minutes—to Dignity Health Memorial Hospital makes this portfolio especially appealing to medical professionals seeking nearby housing. With its strong rental history, tenant-friendly amenities, and clear potential for revenue growth, this portfolio presents an ideal opportunity for investors seeking long-term stability and increased returns in a competitive market. - ** This Listing is for the 4 Building, 20-Unit Property Portfolio located at 2501 (5 Rental Units), 2517 (5 Rental Units), 2533 (5 Rental Units), and 2549 (5 Rental Units) 7th Street. This portfolio is being sold as a full package (total of 4 buildings, 5 units each, for a total of 20 units). **
Presented By: Alex Parker with Douglas Elliman of California; 917.215.9295

Interior Features for 2501 7th Street A

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea, LaundryRoom
LivingAreaSourceAssessor
Total Stories2

Other Rooms

Entry Level1

General for 2501 7th Street A

Additional Parcels Description488-200-02-00-0, 488-200-03-00-3, 488-200-04-00-6, 488-200-05-00-9
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityWasco
CoolingCentralAir
CountyKern
Current FinancingNone
DirectionsHead West On Highway 46, Left On Beckes Street, Right On 7th Street
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HeatingForcedAir
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsExchange1031
Lot Size Square Feet9500.0
Lot Size UnitsSquareFeet
MLS AreaWSCO - Wasco
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total5
Number of Units Leased20
Occupancy TypeOwner
Property Attached Y/NNo
Property Sub Type AdditionalMultiFamily
Property SubtypeMultiFamily
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Unit NumberA
Waterfront Y/NNo
Year Built1981

Exterior for 2501 7th Street A

Building Area Total3808.0
Crops Included Y/NNo
FencingWood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLandscaped
Lot Size Acres0.2181
Lot Size Area9500.0
Lot Size SourceAssessor
Number of Buildings4
Open Parking Y/NNo
Private PoolNo
SpaNo
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $2,999,000
MLS#OC24220838
List Date 10/28/2024
Property Type Commercial
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